Analysis of latest tungsten market of China
The ferro tungsten and tungsten ammonium paratungstate(APT) prices in China are unchanged from the previous trading day mainly because of deadlocked supply and demand, and low trading activity in the market.
In tungsten concentrate market, the effects of environmental protection inspection, output cuts and decreased costs cannot affectively increase downstream’ replenishing demand. Miners are will to keep firm offers instead of lowering prices for more sales. For APT manufacturers, they face risks of price inversion, weak demand, high inventories and capital shortage. And with the continued decline in transaction prices and consumption of enterprises inventories, smelting factories now have not high wiliness to quote with heavy wait-and-see attitude.